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FreedomWorks Reacts to Senate’s Audit the Fed Vote

“Senate Democrats constantly rail against Wall Street and financial institutions to score cheap political points. Today, however, they refused to back up their rhetoric by failing to shine light on the activities of the Federal Reserve, which holds so much influence over our economy. The hypocrisy is astounding.”

On Monday, FreedomWorks issued a key vote “yes” on the Federal Reserve Transparency Act. Today’s vote in the Senate will be included on our 2016 Congressional Scorecard. The scorecard is used to determine eligibility for the FreedomFighter Award, which recognizes Members of Congress who consistently vote to support economic freedom and individual liberty.

FreedomWorks aims to educate, build, and mobilize the largest network of activists advocating the principles of smaller government, lower taxes, free markets, personal liberty and the rule of law. For more information, please visit www.FreedomWorks.org or contact Jason Pye at JPye@FreedomWorks.org.

On behalf of our activist community, I urge you to contact your senators and ask them to cosponsor limited government legislation that has been introduced the in the Senate. For purposes of FreedomWorks’ 2018 Congressional Scorecard, cosponsors will be treated as YES votes.

Over the past several years, there has been a move to make college campuses an ideological bubble where only preferred and pre-approved perspectives are allowed, known as “safe spaces.” It seems this line of thinking is not only on college campuses as some of our politicians have been calling for that as well. Most recently, Chairwoman of the Federal Reserve Janet Yellen openly suggested turning the Federal Reserve into a safe space.

Rep. Thomas Massie’s (R-Ky.) bill to audit the Federal Reserve was approved by the House Committee on Oversight and Government Reform yesterday. The Federal Transparency Act, H.R. 24, was introduced on January 3, this bill directs the Government Accountability Office (GAO) to complete, within 12 months, an audit of the Federal Reserve Board and Federal Reserve banks. This bill provides oversight and transparency into the Federal Reserve, which is necessary to limiting the Federal government.

On behalf of FreedomWorks’ activist community, I urge you to contact your senators and urge them to cosponsor the Federal Reserve Transparency Act, S. 16, introduced by Sen. Rand Paul (R-Ky.). This important piece of legislation would require a full audit of the Federal Reserve by the Government Accountability Office. FreedomWorks has already released a letter of support for the House version of the Federal Reserve Transparency Act, H.R. 24, introduced by Rep. Thomas Massie (R-Ky.).

On behalf of FreedomWorks’ activist community, I urge you to contact your representative and urge him or her to cosponsor the Federal Reserve Transparency Act of 2017, H.R. 24, introduced by Rep. Thomas Massie (R-Ky.). The Federal Reserve Transparency Act, which already boasts 44 cosponsors, would require a full audit of the Federal Reserve by the Government Accountability Office.

FreedomWorks has chosen H.R. 24, the Federal Reserve Transparency Act of 2015, introduced by Rep. Thomas Massie (R-Ky.), as the bill of the month for November 2016. More commonly known as Audit the Fed, this legislation would force an audit of the Federal Reserve System (the Fed). For years, the activities of the Fed have been shrouded in secrecy, even though it has extensive powers. The Audit the Fed bill would help get the American taxpayers some answers about how the entity conducts its business.

Ahead of a vote on the Federal Reserve Transparency Act (H.R. 24), introduced by Rep. Thomas Massie (R-Ky.), in the House Oversight and Government Reform Committee, FreedomWorks CEO Adam Brandon commented:

As one of our over 6.9 million FreedomWorks activists nationwide, I urge you to contact your Senators and ask them to vote YES on the Federal Reserve Transparency Act of 2015, S. 2232. This bill would eliminate the current audit restrictions placed on the Government Accountability Office (GAO) and require a full and thorough audit of the Federal Reserve.

On January 12, the Federal Reserve Transparency Act (S. 2232) is scheduled for a vote in the Senate. Authorizing review by the Governmental Accountability Office of our nation’s monetary policy, the bill was introduced by Sen. Rand Paul (R-Ky.). But the bill’s final vote is arguably due to the legacy of the Senator’s father, former Rep. Ron Paul (R-Tex.), who championed the causes of sound money and central bank transparency over his 12-term career in Congress. Dr. Paul is the subject of this week’s Profiles in Liberty.